Moving forward

31/08/2020
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Information and reports from Vietnam Airlines’ 2020 Annual General Meeting showed the corporation’s consistent growth in revenues and profits before facing the force majeure  pandemic that’s afflicted the global airline industry. The corporation’s growth and profitability from 2015 to 2019 highlight its prospects for a strong comeback when the  Covid-19 pandemic is brought under control.

Consolidated business results 2015-2019 chart: revenue, total assets and profit before tax (VND 3,389 billion in 2019)
Charter capital sizing bar chart for 2015-2019, showing 27% growth over the period
Capital adequacy chart 2015-2019 showing owner's equity and equity ratio rising to 24.3% in 2019
Total liability and debt ratio chart 2015-2019, showing debt-to-equity ratio falling to 3.1 in 2019
Total number of flights chart 2015-2019 (thousand flights), showing 25.2% growth to 186.0 in 2019
Cargo and mail carried chart 2015-2019 (thousand tons), showing 77.7% growth to 371.3 in 2019
Passenger carried chart 2015-2019 (million passengers), showing 38.3% growth to 29.1 million in 2019

Remarkable milestones:

– Officially listed on the Ho Chi Minh Stock Exchange (HoSE) with the code HVN.

– Built a fleet of 100 modern aircraft

– Covered the global market with nearly 100 flight routes

– Maintained an On-time Performance (OTP) ratio of 90%, among the global best

– Constantly improved our service quality and pioneered digital applications, including automated check-in service; wireless entertainment systems on Airbus A321neos; wireless Internet connections on Airbus A350s; and better flight experiences via a collaboration with FPT Play

  • Maintained 4-star Global Airline status for four consecutive years
  • Worked to become a 5-star Global Airline and a Digital Airline.
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